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the dictator and they haven't had the jobs in 18 months. were they angry at now? the united states. gerri: we are a target, that's for sure. michael? >> that's not correct. what they wanted was us out of the region out of posy -- >> we have to realize that these people have been emboldened because president bush and obama chose to lose two wars. >> look, we are dealing with religious fanaticism. we have an ambassador in libya that are happening that helping the people put together the purpose of the attacks, which is to cause the united states to pull back from the region and pullback from vital interest that we have there, protecting israel and securing supplies of oil and natural gas from the producing countries. that is what they want. as this spreads across the region, it can have a profound economic impact worldwide as we see the price of oil already going on. gerri: absolutely. there are all kinds of impacts. i want to talk about the president today. telling telemundo that egypt is not an ally. would you make of that k.t. mcfarland? >> does is really tearing through. we thought qadhafi
. there's no way you can shut down outrageous speech in the country of the united states, it's going to happen, but if the responsibility of responsible officials in egypt and other countries throughout the world to take actions to protect embassies and they are the ones who are responsible, and the extremists sure -- stirring up the crowds are responsible. talking about the video really is to distract from the real problem. gerri: you have a lot of experience in these proceedings as deputy secretary of defense under george w. bush. people staid it's bush's fault the arab world is in unrest today. do you agree? how do you respond? >> i don't at all. look, these extremists were breeding in the arab world for years under horrible dictators. 9/11 happened with basically before george w. bush even appeared, and i believe in fact that the dictatorships of the arab world gave credit the to the extremists who attacks the governments for denying freedom to their people. sooner or later, those governments collapse both because of age and also, frankly, because ashes want freedom as well, and
the united states of america. we discuss news the other day, the department of water and power is going to increase rates 10%. we are having a shortage of water. they are increasing their rates. there is actually no competition at all. i will give you an example. i paid $200 per month of my department of water and power bill to underwrite people who cannot afford to pay their own water bill in los angeles. it cost me $200 a month to help them out. ashley: you are very generous. >> i'm trying to help my daughter who is a school teacher and my son who sells cars. i'm helping them. there are a lot of people who help their kids. at the same temperament are helping everybody else. select the end of the month, you may be a little bit short. wait a minute, they charged charge me another $200 a month to deliver water and power to my house. i never turn on the light were never turned on the water spigot, i still get charged $200 per month just for the privilege of having water and power. ashley: stockton, san bernardino, mammoth lakes, on the verge of declaring bankruptcy or have declared bankru
. a down note the talking about. the united states dropped two notches to seventh place in this year's global competitiveness survey. is an annual report released by the world economic forum. the reason for the drop to "the report, low public trust in u.s. politicians and the perceived lack of government efficiency. here to weigh and, scott martin, chief market strategist at united advisers. you mean nancy pelosi and harry reid of making us uncompetitive? this is ridiculous. >> you know, it's funny. tell us something we don't know already about washington, and maybe that will be a steady it. listen. i think the funniest thing about this report, let's look back in history. when was the united states last number one, 2008. what to begin after that, and absolutely maddening financial crisis and a total business slowdown. i'm not sure of being number one is the best thing out there. byu as is now seven not get either. gerri: countries that are ahead of the spirit of money to weigh in. switzerland, singapore, finland, sweden, the netherlands, and germany. come on. we have to do better tha
. that will prove costly. one thing we want to remember is that the united states went through a period where there was a sharp contraction through government. i am talking about the end of world war ii. since we have this. brief and cutbacks in government spending, the recession was painful but very brief and then we entered into a period of prolonged prosperity. we can't afford deep cutbacks and spending. we cannot afford very big increases by taxation. gerri: big increases by taxation. will that create another recession? there are lots of signs that we are going there already. >> that is true. we had indications of a worsening of business activity in europe and china. this is beginning to hurt u.s. exports. u.s. consumers and businesses, themselves, are shying away from major expenditures, especially business in terms of capital spending until fiscal cliff uncertainties are resolved. we are not going to resolve those uncertainties until we get the election out of the way. that is why these upcoming presidential debates and october will be of the utmost importance and they very much they ha
in the 1970's and the united states the government spends and regulated too much. when the economy slow down, the federal reserve at the time lower interest rates and tried to choose the economy. what we ended up with was inflation and slow growth. the fed cannot create jobs. all it can do is create money. eventually if you create too much money you create inflation, and that will harm the economy in long run. i sure hope we don't have qe for. cheryl: you can believe that they're going to bring up inflation if it rears its ugly head commanded by peace center. thank you very much. good to talk to you always. >> thanks. cheryl: we want to know what all of you think. here's a question. the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto gerriwillis.com and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very im
. you've got 17 different nations that have to make fiscal adjustments? this isn't like the united states. you're talking about multiple governments that have to make adjustments to get that money, that's big tax cuts -- sorry, big tax increases, spending cuts, major, major changes for countries that don't want to do it like greece. so i think the bottom line is, listen, headline risk is going to continue, i think it gets worse. i think greece will leave the union. i think where we need to really look is china. i think the quietness in china, the deterioration that's slowly happening is way more of a risk than a deterioration in europe. cheryl: why do you say that? china still has an 8% growth rate, i mean, the poor chinese. i mean, come on. [laughter] that's great! >> i mean, again, okay, price talks, right? they can quote all the gdp numbers they want, but price talks. when you see steel dropping, markets dropping, three-year lows, you can give those gdp numbers out, i just don't buy it. cheryl: all right. you wouldn't be the first one, i think i've made that comment before. [lau
that. that is what comes with a hothouse industry, this industrial fallacy, the nanny state, and frankly, bailing out the unit because it puts feet on the ground for mr. obama when he's running for office. >> peter, i knew you would speak your mind. i wasn't worried about that. thank you for coming on tonight. >> take your. gerri: if you are fired up about this or any other issues on the program, drop me an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", solar installations are soaring in the u.s. but what is the key for taxpayers? with their dollars on the line. gerri is following every cent. the streak is over as president obama tops ronnie's fundraising last month. it is this just a blip in the money race or should the romney team start to worry? our political panel reacts. as we move closer to election day, this documentary has become a blockbuster hit. the author of "obama's america" is here to discuss his book. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of larg
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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